Shares of Ashoka Buildcon surged by 3.01% to ₹243.86 in early trading after the company announced securing a major contract worth ₹474.10 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). The contract involves the design and construction of an elevated road from Kalyan-Murbad Road to Pune Link Road, including crossings over the Waldhuni River and the Karjat-Kasara Railway Line.
The project, which aims to enhance road connectivity in Mumbai, is scheduled for completion within 30 months, including the monsoon season. This contract win reinforces Ashoka Buildcon’s strong position in infrastructure development and is expected to contribute positively to the company’s financials in the coming years.
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